APL Apollo Tubes Ltd. has released its financial results for the second quarter of FY25, presenting a mixed performance. While the company saw an increase in revenue, its net profit experienced a substantial decline year-over-year (YoY), reflecting challenging operational dynamics in the period.
Key Financial Highlights for Q2 FY25:
- Revenue Growth: The company reported revenue from operations at ₹4,773.91 crore, representing a YoY growth of 3.1% compared to ₹4,630.40 crore in Q2 FY24. This revenue increase indicates steady demand, aligning with APL Apollo’s expansion in product offerings and market reach.
- Net Profit Decline: Despite the revenue growth, APL Apollo’s net profit fell sharply. The company posted a net profit of ₹53.81 crore for Q2 FY25, marking a significant 73.5% decrease YoY from ₹202.87 crore in the same quarter last year. This decline highlights rising input costs and margin pressures affecting profitability.
APL Apollo Tubes’ Q2 performance showcases a steady revenue trajectory amidst a challenging cost environment. The substantial drop in net profit underlines the need for operational efficiency improvements and cost management strategies to enhance profitability in the coming quarters.
TOPICS:
APL Apollo Tubes